EURUSD, “Euro vs US Dollar”
EURUSD is still consolidating above 1.1365. Possibly, today the pair may test this level from above. If the price breaks it, the instrument may start another correction with the first target at 1.1344. Later, the market may form one more ascending structure to return to 1.1365 and then start a new decline to reach 1.1266.
GBPUSD, “Great Britain Pound vs US Dollar”
GBPUSD is consolidating around 1.2746. According to the main scenario, the instrument is expected to form one more ascending structure towards 1.2760 and then resume trading downwards to reach 1.2727. If later the price breaks this level, the instrument may continue trading inside the downtrend with the first target at 1.2700.
USDCHF, “US Dollar vs Swiss Franc”
USDCHF is still consolidating above 0.9750. Today, the pair may form one more ascending structure with the first target at 0.9800.
USDJPY, “US Dollar vs Japanese Yen”
USDJPY is consolidating around 107.33. Possibly, today the pair may grow to reach 107.55 and then form a new descending structure towards 107.22. If later the price breaks this level, the instrument may continue trading inside the downtrend with the short-term target at 106.90.
AUDUSD, “Australian Dollar vs US Dollar”
After forming another consolidation range above 0.6907, AUDUSD broke it upwards; by now, it has extended the third wave towards 0.6960. Today, the pair may fall towards 0.6935 and then start another growth to reach 0.6983.
USDRUB, “US Dollar vs Russian Ruble”
USDRUB is still consolidating around 63.24. Possibly, today the pair may form a new descending structure towards 62.77. After that, the instrument may start a new growth with the target at 64.00.
XAUUSD, “Gold vs US Dollar”
Gold is consolidating around 140.00. If later the price breaks the range to the upside, the instrument may extend the structure towards 1418.20; if to the downside – start another decline with the target at 1366.00.
Brent is still trading upwards; right now, it is forming another continuation pattern at 65.20. The short-term target is at 66.60. After that, the instrument may start a new correction to return to 64.20 and then continue growing with the first target at 67.70.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.